BusinessBusiness RecoveryShake up in the world of credit insurance!

Shake up in the world of credit insurance!

As I’ve already discussed in this blog a few days ago, the leading credit insurers like Euler Hermes, Atradius etc are being criticised in the press for pulling insurance cover as claims mount. Of course, this is not an issue peculiar to the UK market- its happening across Europe too. I now hear that the french government has just announced that a publicly owned organisation, Caisse Centrale Reassurance, is stepping in to offer trade credit insurance to those that can no longer get it from the normal players- those that supply the construction and retail industries will be very pleased with this move.
Back here , the shake up in the credit insurance industry carries on. Amlin PLC, I also hear, has announced it’s pulling out of trade credit altogether, and will just run off existing policies. On it’s website this morning, Amlin proudly boasts about its organisation… “Continuity in an Uncertain World”……..Well, marketeers can’t get it right all the time!

Related Articles

Martin Williams

Business Recovery Martin Williams

7y Accountancy Age, Reporters
Time to Act against slow payers

Business Recovery Time to Act against slow payers

7y Martin Williams
Cash-struck consumers dent recovery hopes

Business Recovery Cash-struck consumers dent recovery hopes

7y Martin Williams
Sort out the credit sloths

Business Recovery Sort out the credit sloths

7y Martin Williams
Window dressing won't save Britain's high streets

Business Recovery Window dressing won't save Britain's high streets

7y Martin Williams
EU ding dong over accounts filing Exemption

Accounting Standards EU ding dong over accounts filing Exemption

7y Martin Williams
Insolvency stats are head-scratchingly strange

Business Recovery Insolvency stats are head-scratchingly strange

7y Martin Williams
Authorities wake up to £38bn robbery

Business Recovery Authorities wake up to £38bn robbery

7y Martin Williams